Cleveland, The Medical Capital

700+

Biotech, HIT, and Medical Device Businesses

Cleveland’s biomedical industry has grown from 800 companies in 2002 to more than 700 companies today. Imaging, orthopedics, neurostimulation, cardiovascular, biomaterials, health IT, biosensors, and regenerative medicine have attracted the attention of investors and key opinion leaders.

230,000

Healthcare and Bioscience Workers

Northeast Ohio is home to 25 universities that offer graduate and undergraduate programs, as well as certificates and diplomas, serving the region’s healthcare, health IT and bioscience industry. Since 2006, these institutions have graduated more than 18,000 bioscience workers.

$2 billion

Invested in 400 Bioscience and Health IT Start-Ups

In the past four years, early-stage bioscience and health IT companies have raised over $2.3 billion, and the innovation and economy continues to grow.

59%

Bioscience Industry Grew 59%

Cleveland’s biomedical industry, a $5.6 billion sector, grew 59% from 2000-2016.

42

Area Bioscience Investors

114

International and National Investors in Cleveland Biomedical Companies

67

Exits

The Medical Capital

Cleveland, The Medical Capital, is home to internationally renowned clinical, educational, and research institutions, supportive philanthropies, government and economic development engines, funding, talent, strong biomedical innovation and an abundant workforce. Learn more at TheMedicalCapital.com.